Flip
WordNet
adjective
(1) Marked by casual disrespect
"A flip answer to serious question"
"The student was kept in for impudent behavior"
noun
(2) (sports) the act of throwing the ball to another member of your team
"The pass was fumbled"
(3) An acrobatic feat in which the feet roll over the head (either forward or backward) and return
(4) A dive in which the diver somersaults before entering the water
(5) The act of flipping a coin
(6) Hot or cold alcoholic mixed drink containing a beaten egg
verb
(7) Reverse (a direction, attitude, or course of action)
(8) Turn upside down, or throw so as to reverse
"Flip over the pork chop"
"Turn over the pancakes"
(9) Move with a flick or light motion
(10) Cause to go on or to be engaged or set in operation
"Switch on the light"
"Throw the lever"
(11) Throw or toss with a light motion
"Flip me the beachball"
"Toss me newspaper"
(12) Lightly throw to see which side comes up
"I don't know what to do--I may as well flip a coin!"
(13) Cause to move with a flick
"He flicked his Bic"
(14) Toss with a sharp movement so as to cause to turn over in the air
WiktionaryText
Etymology
Folk etymology claims that it was coined by American soldiers from World War II to mean
Proper noun
Flip (plural: Flips)
Usage notes
FLIP was considered derogatory, though this is debatable. North American Filipinos have loosely used FLIP to describe their background.